Common use of AUDIT OR EXAMINATION Clause in Contracts

AUDIT OR EXAMINATION. 9.1 MACP may on 14 days’ notice to the Applicant, audit or examine the Applicant’s books of account and other records to determine the accuracy of any report or payment under the Agreement. 9.2 After such examination where the licence fees under the Agreement is being understated, MACP is entitled to issue further invoice/tax invoice for the understated licence fees. 9.3 The Applicant agrees to pay the cost of the audit or examination if it is discovered that the information provided by the Applicant was inaccurate and resulted in the calculation of the licence fees under the Agreement being understated.

AUDIT OR EXAMINATION. 9.1 8.1 MACP may on 14 fourteen (14) days’ notice to the Applicant, audit or examine the Applicant’s books of account and other records to determine the accuracy of any report or payment under the Agreement. 9.2 8.2 After such examination where the licence fees under the Agreement is being understated, MACP is entitled to issue further invoice/tax invoice for the understated licence fees. 9.3 8.3 The Applicant agrees to pay the cost of the audit or examination if it is discovered that the information provided by the Applicant was inaccurate and resulted in the calculation of the licence fees under the Agreement being understated.

AUDIT OR EXAMINATION. 9.1 7.1 MACP may on 14 days’ notice to the ApplicantLicensee, audit or examine the ApplicantLicensee’s books of account and other records to determine the accuracy of any report or payment under the Agreementthis agreement. 9.2 7.2 After such examination where the licence fees fee under the Agreement this agreement is being understated, MACP is entitled to issue further invoice/tax invoice invoice(s) for the understated licence feesfee. 9.3 7.3 The Applicant Licensee agrees to pay the cost of the audit or examination if it is discovered that the information provided by the Applicant Licensee was inaccurate and resulted in the calculation of the licence fees fee under the Agreement this agreement being understated.